How to use MT5/MT4
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This indicator displays three Relative Strength Index (RSI) lines with different periods overlaid on each other. By displaying RSIs with varying periods—short, medium, and long—it allows for the analysis of market overheating across different timeframes.
There are various methods of analysis using RSI, but when using three RSIs, paying attention to their sequence and slope can help you notice changes in the trend.
When the sequence of the three RSIs is arranged from top to bottom as short-term, medium-term, and long-term, it increases the likelihood of developing an upward trend.
Conversely, when they are arranged from top to bottom as long-term, medium-term, and short-term, it increases the likelihood of a downward trend developing.
This indicator will display an arrow to notify you when the sequence aligns. (Refer to the next image)
【Example of Arrow Display When Sequence Aligns】
When the slope of the three RSIs aligns upward or downward, it indicates a high possibility of a trend reversal.
When the slope of the three RSIs is upward, it indicates a bullish trend, and when downward, it indicates a bearish trend.
This indicator will display a mark to notify you when the slope of the three RSIs aligns. (Refer to the next image)
【Example of Mark Display When Slopes Align】
*This indicator only works on the Windows version of TitanFX's MT5 and MT4.
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1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
| Variable Name | Description | Default |
|---|---|---|
| Short-term RSI period | Specifies the period for the short-term RSI. | 9 |
| Medium-term RSI period | Specifies the period for the medium-term RSI. | 14 |
| Long-term RSI period | Specifies the period for the long-term RSI. | 21 |
| Upward color | Specifies the color of the mark when the sequence and slope align upward. | Aqua |
| Downward color | Specifies the color of the mark when the sequence and slope align downward. | Magenta |
| Marker display (Order) | Specifies whether to display a mark (arrow) when the sequence of the three RSIs aligns as short-term, medium-term, long-term, or the reverse. | true |
| Size (Order) | Specifies the size of the mark (arrow) displayed when the sequence aligns. | 1 |
| Marker display (Slope) | Specifies whether to display a mark when the slopes of the three RSIs align. | true |
| Size (Slope) | Specifies the size of the mark displayed when the slopes align. | 1 |
| Alert (Order) | Specifies whether to trigger an alert when the sequence aligns. | true |
| Alert (Slope) | Specifies whether to trigger an alert when the slope aligns. | true |
| MT5 | MT4 | Description |
|---|---|---|
| RSI (Short-term Period) | 0 | Set the thickness and style of the short-term line. |
| RSI (Medium-term Period) | 1 | Set the thickness and style of the medium-term line. |
| RSI (Long-term Period) | 2 | Set the thickness and style of the long-term line. |
